HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.002%

Price spread now: 01 Exchange against dYdX−0.037%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$640.644% of the position

Long on dYdX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.037%, 7d avg +0.028%

Together, before fees+0.206%+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and 01 Exchange is 0.065% cheaper against dYdX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX HYPE-USD	93.447	0	get 0.0000% / 1h	35m 51s	$128K	$28K	5x
Short	01 Exchange HYPEUSD	93.413	−0.0048	pay 0.0006% / 1h	35m 51s	$86K	$369K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee 01 ExchangebpOrdersPrice spread, now −0.037%Rate

Funding earned: −$10.08
Price spread: −0.037% → +0.028%: −$6.49
Slippage, 4 orders: −$47.42
Fee dYdX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$80.99
Costs to cover: 0.644%
Break-even: never at this rate

Slippage from dYdX: live order book, 8 min ago; 01 Exchange: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy dYdX live order book, 8 min ago	21.17 bp	26.2 bp −$26	28.3 bp −$283	94.6 bp −$9,460	267.6 bp −$133.8K
Sell 01 Exchange live order book, 8 min ago	0.05 bp	5.7 bp −$6	9.7 bp −$97	doesn't fit	doesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.1056%	1h	93.428	−0.020%	$198K	$240K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0190%	1h	93.549	+0.109%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0103%	1h	93.340	−0.115%	$703K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.463	+0.017%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0066%	1h	93.329	−0.126%	$110K	$580K	20x	as long as short
01 Exchange HYPEUSDshort	−0.0048%	1h	93.413	−0.037%	$86K	$369K	20x
Bluefin HYPE-PERP	−0.0033%	1h	93.313	−0.144%	$79K	$155K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0021%	4h	93.327	−0.129%	$145K	$685K	20x	as long as short
dYdX HYPE-USDlong	0.0000%	1h	93.447	long leg	$128K	$28K	5x
Kalshi KXHYPEPERP	0.0000%	8h	93.470	+0.024%	$1.8M	$5.6M	2.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.408	−0.042%	$20K	$289K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.368	−0.085%	$83K	—	150x	as long as short
Bybit HYPEUSDT	+0.0002%	8h	93.351	−0.103%	$315.0M	$288.0M	75x	as long as short
BingX HYPE-USDT	+0.0002%	4h	93.355	−0.099%	—	$53.6M	—	as long as short
Derive HYPE-PERP	+0.0007%	1h	93.302	−0.155%	$16.2M	$7.5M	10x	as long as short
Phoenix HYPE	+0.0017%	1h	93.482	+0.037%	$209K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0042%	4h	93.390	−0.061%	$225.0M	$99.8M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0077%	8h	93.429	−0.020%	$334K	$161K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.375	−0.077%	$1.0M	$4.0M	10x	as long as short
edgeX HYPEUSDC	+0.0086%	4h	93.443	−0.004%	$5.0M	$30.5M	30x	as long as short
Phemex HYPEUSDT	+0.0090%	8h	93.387	−0.064%	$12.7M	$2.8M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.356	−0.098%	$16.1M	$63.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.365	−0.088%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.390	−0.061%	$80K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.400	−0.050%	$21K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.402	−0.048%	$7.4M	$50.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.445	−0.002%	$2.04B	$681.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.379	−0.073%	$8.8M	$37.1M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.433	−0.015%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.382	−0.070%	$373.8M	$930.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.374	−0.078%	$115.3M	$314.8M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.374	−0.078%	$48.4M	$55.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.360	−0.093%	$89.3M	$83.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.349	−0.105%	$46.2M	$18.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.365	−0.088%	$7.2M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.339	−0.116%	$28.7M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.540	+0.100%	$7.5M	$48.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.577	+0.139%	$347K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.507	+0.064%	$677K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.455	+0.009%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.396	−0.055%	$469K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.404	−0.046%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.342	−0.112%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.500	+0.057%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.507	+0.064%	$216K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.327	−0.129%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.344	−0.111%	$395K	$159K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.390	−0.061%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.430	−0.018%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	93.348	−0.106%	$77K	$129K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.388	−0.063%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0339%	1h	93.435	−0.013%	$7.4M	$4.2M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.480	+0.035%	$16.9M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0416%	1h	93.413	−0.036%	$20.8M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.388	−0.064%	$3.2M	$6.4M	20x	as long as short